UK trade in goods by declared currency of invoice 2025
Published 23 April 2026
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About this release
This release provides the estimates on trade in goods by currency as declared on the Customs system for 2025.
This analysis is based on data from the December 2025 UK overseas trade in goods statistics (OTS) published on 12 February 2026. It will therefore not align with the latest published OTS data.
Currency of invoice summary
Data received through the administrative Customs system for trade movements between the UK and other countries includes currency of invoice declared. This release reports on the currency used.
Following data collection and methodology changes, currency of invoice was collected for:
- UK and non-EU exports and imports for 2022 to 2025
- GB exports to the EU for 2022 to 2025
- GB imports from the EU for 2022 to 2025
Exports
30% of the value of UK exports to EU countries had Pound sterling as the declared currency of invoice
60% of the value of UK exports to non-EU countries had the US dollar as the declared currency of invoice
Table 1: Breakdown of currency of invoice for UK exports to EU and non-EU countries in 2025 as a percentage of total value
| Currency | Exports to EU | Exports to non-EU | Total exports |
|---|---|---|---|
| US dollar | 12.6% | 60.4% | 40.3% |
| Pound sterling | 30.2% | 20.1% | 24.4% |
| Euro | 27.2% | 4.5% | 14.1% |
| Chinese yuan | not included | 1.3% | 0.7% |
| Swedish krona | 0.5% | not included | not included |
| Other currencies | 0.6% | 3.4% | 2.4% |
| No currency declared | 28.8% | 10.3% | 18.1% |
| Total | 100% | 100% | 100% |
| Total exports (£ million) |
178,281 | 244,891 | 423,172 |
Table 1 shows the breakdown of EU and non-EU exports for the top 4 currencies of invoice, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
‘No currency declared’ includes trade reported through separate systems, such as Intrastat and parcel post, and some mineral fuels.
Where a currency does not appear in the top 4 under the relevant trade flow, this is indicated by ‘not included’.
The figures in this release exclude non-response estimates for trade with EU countries, and future revisions to 2025 data. Therefore, they will not match currently published figures.
Table 1 shows that the US dollar was the most frequently declared currency for total exports. Pound sterling led for exports to EU countries, with Euro in second place. The US dollar dominated for exports to non-EU countries.
Table 2: Top 4 currencies of invoice for UK exports to EU countries as a percentage of total value, 2022 to 2025
| Year | Pound sterling (%) | Euro (%) | US dollar (%) | Swedish krona (%) | All others (%) | None declared (%) |
|---|---|---|---|---|---|---|
| 2022 | 33.3 | 25.1 | 19.3 | 0.5 | 0.6 | 21.3 |
| 2023 | 32.4 | 26.5 | 18.4 | 0.4 | 0.6 | 21.7 |
| 2024 | 26.8 | 25.8 | 12.3 | 0.5 | 0.5 | 34.0 |
| 2025 | 30.2 | 27.2 | 12.6 | 0.5 | 0.6 | 28.8 |
Table 2 shows the recent history of the top 4 currencies used for UK exports to EU countries from 2022 to 2025, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
Table 2 indicates an increase in the use of Pound sterling, after 2 successive decreases. The Euro and the US dollar both increased in usage in 2025. There was little change in the percentage of trade where the Swedish krona was declared. Invoices with no currency declared decreased from 34.0% to 28.8%.
Table 3: Top 4 currencies of invoice for UK exports to non-EU countries as a percentage of total value, 2022 to 2025
| Year | US dollar (%) | Pound sterling (%) | Euro (%) | Chinese yuan (%) | All others (%) | None declared (%) | |
|---|---|---|---|---|---|---|---|
| 2022 | 58.4 | 25.2 | 3.9 | 1.5 | 4.0 | 7.0 | |
| 2023 | 56.5 | 26.9 | 4.4 | 1.6 | 3.8 | 6.9 | |
| 2024 | 56.9 | 20.9 | 4.4 | 1.8 | 3.7 | 12.2 | |
| 2025 | 60.4 | 20.1 | 4.5 | 1.3 | 3.4 | 10.3 |
Table 3 shows the recent history of the top 4 currencies used for UK exports to non-EU countries from 2022 to 2025, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
Table 3 indicates an increase in the use of US dollar in 2025. The use of Pound sterling decreased in 2025, to its lowest proportion over the periods shown. The use of Chinese yuan has decreased, following 2 successive increases. The use of the Euro remained steady over the last 3 years. Invoices with no currency declared decreased from 12.2% to 10.3%.
Imports
39% of the value of UK imports from EU countries had Pound sterling as the declared currency of invoice
65% of the value of UK imports from non-EU countries had the US dollar as the declared currency of invoice
Table 4: Breakdown of currency of invoice for UK imports from EU and non-EU countries in 2025 as a percentage of total value
| Currency | Imports from EU | Imports from non-EU | Total imports |
|---|---|---|---|
| US dollar | 13.5% | 65.4% | 41.9% |
| Pound sterling | 39.1% | 18.2% | 27.7% |
| Euro | 38.8% | 3.7% | 19.6% |
| Canadian dollar | not included | 3.1% | 1.7% |
| Polish zloty | 0.4% | not included | not included |
| Other currencies | 0.6% | 3.1% | 2.1% |
| No currency declared | 7.6% | 6.5% | 7.0% |
| Total | 100% | 100% | 100% |
|
Total imports (£ million) |
325,326 | 393,638 | 718,963 |
Table 4 shows the breakdown of EU and non-EU imports for the top 4 currencies of invoice, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
‘No currency declared’ includes trade reported through separate systems, such as Intrastat, parcel post, and some mineral fuels.
Where a currency does not appear in the top 4 under the relevant trade flow, this is indicated by ‘not included’.
The figures in this release exclude non-response estimates and therefore will not match other published figures.
Table 4 shows that the US dollar dominated for imports from non-EU countries. Pound sterling was slightly ahead of Euro for EU imports, with US dollar in third place.
Table 5: Top 4 currencies of invoice for UK imports from EU countries as a percentage of total value, 2022 to 2025
| Year | Pound sterling (%) | Euro (%) | US dollar (%) | Polish zloty (%) | All others (%) | None declared (%) | |
|---|---|---|---|---|---|---|---|
| 2022 | 36.8 | 36.9 | 14.1 | 0.4 | 0.6 | 11.3 | |
| 2023 | 35.8 | 34.3 | 13.1 | 0.4 | 0.6 | 15.9 | |
| 2024 | 38.8 | 39.1 | 13.3 | 0.4 | 0.6 | 7.8 | |
| 2025 | 39.1 | 38.8 | 13.5 | 0.4 | 0.6 | 7.6 |
Table 5 shows the recent history of the top 4 currencies used for UK imports from EU countries from 2022 to 2025, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
Table 5 indicates a small increase in the use of Pound sterling in 2025, while the use of the Euro showed a small decrease. US dollar remained relatively stable. There was little change in the percentage of trade where the Polish zloty was declared. Invoices with no currency declared decreased from 7.8% to 7.6%.
Table 6: Top 4 currencies of invoice for UK imports from non-EU countries as a percentage of total value, 2022 to 2025
| Year | US dollar (%) | Pound sterling (%) | Euro (%) | Canadian dollar (%) | All others (%) | None declared (%) | |
|---|---|---|---|---|---|---|---|
| 2022 | 56.5 | 20.0 | 3.9 | 2.1 | 2.6 | 14.9 | |
| 2023 | 58.2 | 18.2 | 4.3 | 1.5 | 2.8 | 15.0 | |
| 2024 | 63.1 | 19.2 | 4.1 | 2.0 | 2.9 | 8.7 | |
| 2025 | 65.4 | 18.2 | 3.7 | 3.1 | 3.1 | 6.5 |
Table 6 shows the recent history of the top 4 currencies used for UK imports from non-EU countries, alongside totals for all other currencies and for cases where no currency was declared.
Source: UK overseas trade in goods statistics from HM Revenue & Customs
Notes:
2025 data is provisional.
Only data received through the administrative Customs data collection has currency of invoice declared.
Table 6 indicates an increase in the use of the US dollar from 2022 to 2025. The use of Pound sterling decreased in 2025 after increasing in 2024. The use of the Euro decreased in 2025. There was an increase in the use of Canadian dollar in 2025. Invoices with no currency declared decreased from 8.7% to 6.5%.